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♪ are big and bright ♪ deep in the heart of texas ♪ i wish they all could be california girls >> bill: a tale of two americans. texas and california. which is the better place to live and why? what is the vast difference between the two most populated states about america say? >> does do your parents ask you for money when you go back home? >> yes. >> does that ever work? >> i think it does work. >> you can't give people money and help them. >> tim allen criticizing the obama administration. is that a smart thing to do career-wise? adam corolla will have some thoughts. >> what's nascar all about? >> sunshine, palm trees everywhere. perfect place for a championship. >> watters world goes to the big nascar championship. >> do you guys ever watch bill o'reilly on the fox news channel. >> i thought bill o'reilly was on the food network. >> bill: we have revved up report. >> caution. you where to enter the no spin zone. the factor begins right now. >> bill: i'm bill o'reilly. thanks for watching us tonight. a tale of two americans, california and texas. that is the subject of this evening'
sitting comfortably in other projects in california that secretary lahood hood worked so hard on. the two senators were instrumental in making better and we in the house urged passage for the high speed rail in the central valley, whether it's mass transit, rail, high speed rail and terminal and presidio and others -- what is it? transit first? transit first. it's about jobs. it's about comcommerce. it's about quality of air. it's about quality of life and building consensus in america and by doing so and by listening and leadership from the white house we are able to be a model to the nation with projects of national significance so that other communities can follow our lead, and i join the mayor in seluting the leadership of president barack obama. without his leadership, his priorities, without the work that was done in appropriations committee and diane is a senior -- when i say senior i mean high ranking. i was a senior too so i take it as a complement but that's where a lot of this work is done so without president barack obama and his commitment to build america we wouldn
in california? we're going to explain all of it coming up. "piles of money" coming right up. ♪ . [ male announcer ] if you're eligible for medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consir an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance compan like all standardized medicare suppment plans, they cover some of what medicare doesn't p. and could save you in out-of-pocket medical costs. call today to request a free decision guide toelp you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions whhave already enrolled in the only
to northern california thursday into friday and there's storm no. 3. this will bring wide spread wind and rain this coming weekend. bottom line is we are going to get significant amount of rain out of this. wednesday 5:00 a.m. storms approaching during the morning commute unfortunately is when we see the stormiest of the weather heavy rain strong winds out of the south. 50 to 60 miles an hour gust expected along the coast and over the hills so likely issue a wind watch or wind advisory as we get closer it becomes a high wind warning. see the rainfall will continue. only tapers on wednesday night for the second storm to hit us on thursday. when all said and done wednesday through sunday updated written fall total. the wettest north bay location up to 8 inches as we head into sunday. 6 inches across the heart of the bay area. 3 to 4 inches across the south pay east bay and heading out to the peninsula. tops off heading down towards the monterey bay. but with this kind of rain we are concerned so flood watch is up from wednesday through saturday. lake county the straits and sacra
's secret in sacramento, california. in a mall, two women were digging through a bee and the fight started. it escalated their and involved three man. it is unclear what the cause of the mayhem was or how does changed course. what happened in the spirit of giving and holiday cheer -- this is like all over a pair of underwear. >> have you ever thought of her underwear and victoria's secret? >> i mean, this is so crazy. melissa: maybe i have,ut i have not seen a lot of guys do it. this is just two guys slugging each other and it makes no sense to me. as the mail in the conversation, tell us what makes and. >> this is what happens when you grab a guy off the couch on friday after thanksgiving. look at the anger. melissa: even and victoria's secret, he was man beyond comprehension. and the chairman of hsbc wants tankers to start swearing an oath similar to that of what doctors take. it will help revive the banking industry in the wake of this financial crisis. what do you think? >> it is a great idea. but the oath is only so good. if you don't have an honest thinker, if yohave non-honest think
'm not hearing any such thing. >> and you won't. i live in california. we just now passed a measure that raise the state income taxes to 13.3%, the highest in the nation, and the president of the l.a. city council is going back to the voters and asking for another increase in sales tax. it's never enough. the left never gets enough taxes. we spend more on k-12 than any other country and ask any teacher, educrat if they want more money and they will say less. it's never enough for the left. >> well, you know, larry, i don't know which larry i'm talking about, the fiscal deliver, the whole discussion about the fiscal cliff to me is a farce and the reason why is because it's based on this notion that somehow too much deficit reduction is a bad thing. you can't have it both ways. you can't say you want to reduce the deficit and that's a priority and on the other hand we have a fiscal cliff that would reduce the deficit and you're opposed to that because you -- you don't want to increase taxes. >> i want to reduce the deficit. you're absolutely wrong. i want to reduce the deficit j why are you afra
online companies luring away those shoppers. if i live in california and i shop in massachusetts, a store there, i don't pay sales tax. but if that business is in california, i do. they say that it's unfair to small businesses across this country and many republic governors, believe it or not, are actually lobbying to have the online sales tax laws changed so that everybody pays tax online across the country. big revenue. >> shepard: cheryl casone fox business. thank you. some of the online bargains may be too good to be true. today the federal government and online law enforcement agencies proved it shut down more than 100 web sites selling counterfeit web sites. some set up web sites to look like regular web sites all to get to you party your cash. trace gallagher west coast news hub. shoppers had no idea what they were buying was fake. >> knock off companies keep getting better and better at churning out products fake that look and feel real. two web sites for ergo baby careers. one of them is fake and one of them is real. if you look at those things, experts say unless you have a trai
-to-face held to navigate of this. the enrollment process, the state of california loan. here we go. california alone as ties they will need 25,000 reps' speaking as many as 13 languages to run their insurance exchange. think about that. furthermore, there is no one size fits all exchange. different states with different insurance markets in different eligibility requirements for medicaid. obamacare just keeps getting better. and we did not even get into the laws 20 different taxes that will cost taxpayers about $700 billion over just the next decade. obamacare. so far so good. the fiscal cliff negotiations under way. business leaders go to washington meeting republican and democratic house leaders. but is what is good for business really good for the country? the "a-team" next. the government tracking terrorists, criminals, and students. a texas school district wants to attract their students. big brother not a big hit with the students. protests are up in egypt over president more seize power grab. will the united states sit by quietly as he makes his move to become their leader? and is sure
in that libyan attack has been laid to rest in northern california. a wreath of roses and an american flag are some of the items on chris steven' grave. according to the paper stevens was buried there on friday. he was 52 years old and grew up in piedmont. >>> there is a new study on breast cancer that finds parts of the bay area have much higher rates of invasive breast cancer compared to the rest of california. those areas include the western half of contra costa county. the northern most part of alameda county, an area that runs through alameda, santa clara and san mateo reports. san mateo news reports breast cancer rates in those areas were 10% to 20% higher than the state average from the years 2000 and 2008. breast cancer rates have been a major concern in marin county. >>> well, an iraq war veteran who said he was beaten by police during an occupy protest and needed surgery for a lacerated spleen is suing the alameda county sheriff's office. he claims the alameda county sheriff's office made his injuries worse by denying him medical care after he was arrested and jailed last novembe
recipients. two, you have california and ten other states that are mandating that you can't sell cars in our state at all unless you have zero emission cars as an increasing part of your fleet for sale. so these companies are being forced to build cars that make no money, that lose the money to meet the mandates of these states. i want to point something out. chevy volt already cost $89,000 for gm to make. that's after three-plus billion dollars of just federal subsidies and they sell them for 40,000. so they already lose 49 grand on each volt they sell. this is not a new business model per se. but a very dumb one that we're expanding because of these states. >> brian: chrysler will roll out their own. nissan is backing off. toyota is backing off. we know they went to hibernation on the volt. chrysler is rolling it out, but ten states are mandating plug-in vehicle, clean running vehicles like this? >> 11. california and ten others. maryland, new jersey, yes. they're mandating zero emission cars be an increasing part of their fleet or you can't sell your cars in the state. now, small states l
're not competitive. in huge areas of the country. some of the biggest states, california, new york, illinois, we're not competing anymore. we don't even advertise there. once you give up those electoral votes, we're getting down to where we have to -- we're in ohio every time, we have to win florida and ohio every time. what we need to do is be competitive throughout the united states, and i think young people want a less aggressive foreign policy. they don't want to put people in 20 years in jail for marijuana use or nonviolent crimes. and i think they want a little bit different approach to immigration. >> okay. you say you want to be part of the national dialogue. perhaps a bigger part of it. we shall see. senator rand paul, thank you very much, we appreciate it. >> thank you. >>> and now to the face to face meeting today between u.n. ambassador susan rice and her chief republican critics. ambassador rice on capitol hill, just this morning, to meet with the people you see on your screen here. you have senator john mccain, lindsey graham, kelly ayotte. she went to address concerns they have ov
on the chances of a fiscal cliff deal when we are joined by california democratic congresswoman max even waters. >> interesting to see what she has to say. and dangerous scene today in downtown sydney, australia. the cabin of a giant crane at a construction site burst into flames and the top part of the crane collapsed onto a nearby roof. incredibly, there were no reports or injuries, according to australian news organization. >>> the empire state building is showing off its new look. new yorkers are used to seeing the empire state building illuminated in various colors for special occasions. but now the building has upgraded its lighting system. gone are the old flood lights. they've been replaced by a state-of-the-art computerized system that can deliver all kinds of colors and effects. look at that. the new lights went on display for the first time last night. for your viewing pleasure there. >> i'm a little bit of a tradition traditionalist. i'm a little overstimulated just now. hollywood is buzzing today about anna nicole smith's 6-year-old daughter's new modeling campaign. like mother lik
banned in california. and now there are claims that it is entirely a scam. >> in another exercise, a man had to break through a human barricade that i was a part of in order to seize two oranges that were meant to symbolize his testicles. he was then frenetically instructed to squeeze the juice and drink from them and put the oranges in his pants in order to represent gaining his testicles. the symbolic absence of them supposedly being a cause of his homosexuality. in retrospect, these practices fall on a range between absurd to disturbing. >> that was one of the plaintiffs in this case. and joining me now is cnn's alan duke, who's written extensively on this. who's involved in this lawsuit? and what are the claims that are being made? >> michael ferguson, who you saw, was 19 when he underwent this reparative therapy or conversion therapy at jona, a new jersey-based organization, that offers this. and there were three others. two were 17 when they started. their parents joined or at least their moms joined this lawsuit, wanting their money back and wanting damages for the damage that the
, california striking down their three-strikes law. that says let's not have nonviolent drug offenders go away to jail for a long time. judges and police say this is a losing battle. let's move towards treatment and decriminalization and treat it like alcohol rather than prohibition and criminalization. we have a mexican president saying, hey, let's look at a different way to treat this thing. let's talk about what he recently said. in favor of opening a new debate in the strategy in the way we fight drug traffickings. it's clear after several decades we have more drug consumption, drug use, drug trafficking. things are not working. a change in the drug policy would have a massive impact on the economy and on crime in both north america and throughout south america, and would lead the way and open the path toward a more humane immigration policy and people in america accepting them. >> i think you're right. it's been interesting. as things have moved politically in terms of the war on drugs, we've also, of course, seen after this election potential movement on comprehensive immigration reform.
is christine the chair of the california democratic party women's caucus. we begin with secretary of state. your fantasy choice is samantha powers christine yourself is chuck hagel and mine is james cunningham. why do you pick power? >> if we're doing a fantasy draft, you want somebody that goes hard to the left. we've had enough who go to the right. basically, samantha power has strong credibility international credibility against genocide, women's rights and middle eastern issues. that's something the administration needs sorely. we've seen a lot of stuff going on in the middle east, especially surrounding the role of women and how women can be developed. she's a very strong anti genocide advocate. that's something a lot of actors in hollywood ben affleck and george clooney have spoken out about but we have not seen a lot of action out of the obama administration. she can bring that to the fore, and get some stuff done. >> i don't know how he's a champion citing ben affleck. [ laughter ] >> minus three points, exactly. talk to me about chuck hagel. >> first we have to start with susan ri
parole officer and see if we can't get you out to california with us. we'd love to have you there. >>> how bad, bill, are the eagles? >> the eagles -- >> how bad with the eagles? >> they can get a good draft pick, maybe matt barkley. >> they need to keep losing. guess what? they did just that last night. the eagles were trying to avoid their seventh straight game at home where they lost. and last night, they went against the panthers. speaking of the first quarter, cam newton drops back, play-action pass, throws a strike to brandon lafell who doesn't have a defender within five yards of him. lafell will coast for the touchdown. panthers go up 14-3. fourth quarter, panthers up by two. cam newton seals up the win with a two-yard run. the panthers go on to win 30-22, the eagles haven't won a game since september the 30th. they fall to 3-8 on the year. and after his team's seventh straight loss, coach andy reid said after the game, he's not spoken to the eagles' ownership about the future with the team. and you know what, mika? he might as well not. i don't think he's going to be back
planning for 2016? and scandal bankrupts a california city. officials allegedly scam millions and millions of dollars from taxpayers. one former police chief now wants a lot more. ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. aww, not the mall. well, i'll do the shopping... if you do the shipping. shipping's a hassle. i'll go to the mall. hey. hi. y'know, holiday shipping's easy with priority mail flat rate boxes from the postal service. if it fits, it ships anywhere in the country for a low flat rate. yeah, i know. oh, you're good. [ laughing ] good luck! [ male announcer ] priority mail flat rate boxes. online pricing starts at $5.15. only from the postal service. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history
. this bill does that. vote yes. >> the gentleman from california has two minutes remaining. >> speaker, i feel very honored to follow my good friend and classmate and distinguished democratic whip as we talk about this compromise and where we are. mr. speaker, saving social security and medicare is a priority that i believe both political parties share, contrary to much of what has been put out there. it is something to address in this measure. we are going to be able to save social security and medicare. creating jobs -- democrats and republicans talk about that. how is it that we will be able to do that? getting our fiscal house in order is a very important step in our quest to ensure that the people who are hurting and looking for jobs will have an opportunity to get them. sending a positive signal to the global markets that we are the world's economic, military, and deal political leader by increasing the debt ceiling, we are sending a positive signal that we will continue meeting our obligations and responsibility. at the same time, dramatically reducing spending, the problem that ha
a worker there. on the same day, across the country, in california, a couple of guys decided to show their machismo in a toys-r-us by pulling out guns and shooting each other. this is not new. it's not something you can blame on the economy. what you can say, though, is that if retailers are going to whip up all of this enthusiasm or decadence, that they should give a sense of no tolerance for any kind of this behavior. >> nina, i got to tell you, you're going down a dangerous path here, blaming the retailer. reminds me when nike comes out with a new sneaker and people on food stamps go there and leave their kids in a car, and all of a sudden urban league is blaming nike for being responsibility. accountability is accountability. >> charges i'm not blaming the retailers per se. i'm saying personal responsibility. it's about the people's behavior. but i think retailers for their own protection need to send out more of a zero tolerance policy. can't blame it on a bad economy. >> sean: there's a cultural phenomenon that whatever the it thing is -- i mentioned over the years, cabbage cat
. we'll tell you coming up. jenna: a fox news alert, taking you out to california. you don't see this every day, sometimes in cartoons. a car accident, one of the cars hits a fire hydrant and then, well, this happens. we don't have control of of the this helicopter shot, if you get a faraway shot, which we're hoping to get, you'll see just how high in the air this goes. it's right outside of los angeles, right through rush hour time, you know, 9:30 out there, just about 9:30 in l.a. and causing just a little extra obstacle in the compute. you've got to get your windshield wipers going for that. jon: yeah, look at all those cars. nice and clean in l.a. jenna: free car wash. you're welcome. jon: old faithful, this is not. >>> the fbi now saying one of the fugitives on its top ten wanted list could be hiding in the mormon community. investigators say the accused killer is familiar with the religion and once served as a missionary. rick folbaum live in our new york newsroom with this. >> reporter: this case has gone pretty cold, they're hoping by publicizing it the way they did with
are going to be if california at highest tax state in the nation to see what the tax hikes might do with a lot of special guests and if you notice they changed the sign too. italian americans unite. >> talk of a gasoline tax hike that has steve moore say washington is adding fuel to the fire but i heard it and i thought it could not be so but there is a real chance. >> i wish i were the chip magnet that you are. >>neil: it is a burden to carry but i try. >>guest: they are talking about a gas tax throwing out automatic sorts of revenue proposal and i listened to your interview with rand paul they are looking under any rock rather than looking if ways to cut spending. >>neil: that is what worries me. you have written brilliantly about this. i know they lost an election but did republicans also lose their backbone? >>guest: they have gone into the fetal position. i am worried. they did lose the election but they still hold the house of representatives and i don't think the american people want to actually increase it. to give you an example, you ask people about taxing the rich and you
me. tomorrow is about me. big names in california. do you know that state leads the nation in this push for higher taxes. so that is the epicenter. i'm going to the epicenter. i have no fear for you. >> dana: hello. i'm dana perino with andrea tantaros, bob beckel, eric bolling, brian kilmeade. 5:00 in new york city. this is "the five." ♪ ♪ >> dana: congress 35 days to reach a deal and prevent the economy going over the fiscal cliff. no mystery what the issues areu. the democrats know, republicans know and so does president obama. entitlements are pushing the country toward financial ruin. here is what the president said in 2010. >> the major driver of the long-term liabilities is medicare, medicaid and healthcare spending. nothing comes close. social security we could probably fix the same way tip o'neil and ronald reagan sat down together and we could figure something out. that is manageable. medicare and medicaid, massive problems down the road. that's where, that is what our children have to worry about. >> dana: here we are, two years later and still no plan. on th
the chinese focus on california, and nowness. >> for the regular house in china it's over a couple million dollars. but, you know, here they can only buy for less than $1 billion chinese dollars. >> economically there is not a problem. it's something for the united states to watch politically. >> analysts who study the chinese say unlike the japanese who bought american landmarks in the '80s or columbian drug houses. >> they are not looking to make a splash or to change nerk their image. they are trying to just as i said, have a place to go if there is trouble. >> these are not the ordinary chinese where the annual income is $5,000 a year. one of the billion chinese millionaires helping the family. and u.s. real estate recover from the process. bret? >> bret: william la jeunesse in los angeles. thank you. still ahead -- get ready to open your wallet again. we will tell you what you will be paying for like it or not. first, will egypt's new president pay the price for a power grab? stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect worl
a new phase of passive acceptance. since california passed the first medical marijuana law, 18 states and the district of columbia permit it for medicinal use. rhode island and maine are the next states looking to legalize the drug. the movement reflects an increasing acceptance. half of all americans support legalizing it, up from 31% in 2001. what are the implications regarding legalization both at home and south of the border? and are the new laws in washington and colorado a game changer in mexican-american relations. for the current issue of "new york" magazine benjamin wallace-wells pens the title "the end of prohibition" he argues u.s. drug policy has shifted, quote, without really acknowledging it, we are beginning to experiment with a negotiated surrender. benjamin, there are many people i know not naming names who would like to see the white flag waved on the war on drugs. i will point you to a "washington post" editorial yesterday that talks about decriminalization but warns it is not yet clear how a quasi legal pot industry might operate in colorado and waugs or what its p
something good. there is an organization called the st. baldrick's foundation based in california but does work all around the country to raise money for research and to childhood cancers. they solved this bet on twitter and "national journal" and they said why don't you shave your head for children with cancer. they raised all of their money through shaving people's heads. they've taken -- they've taken the walkathon concept. >> bill: st. baldrick, the patron saint of bald. >> st. baldrick's.org, go there and learn their story. that's all they do is they raise money for research into childhood cancers and they do it by shaving people's heads. normal people will set up a fund-raising page and get people to donate to it. celebrities like yourself -- >> bill: forget it. >> hold on to it while you got it. >> bill: bald woodhouse is our guest here for this part -- i haven't seen you since november 6th in studio. congratulations. >> appreciate it. >> bill: you were very much a part of this extraordinary campaign. and
a california home back in 2008. fbi says a tip led them to saenz friday at an apartment in mexico. >> big arrest. >>> dangerous scene in downtown sydney australia. top part of the crane collapsed on to a nearby rooftop. incredibly, no reports of injuries. this crane is operated by the very same company that owns a crane that partially collapsed on a new york city luxury skyscraper during superstorm sandy. >>> fda has shut down the largest organic peanut processor in the country as part of its newest crackdown on salmonella poisoning. 31 people in 21 states, most of them children, were sickened by a peanut manufacturer there and sold by trader joe's. it's the first time it has used the new enforcement power it gained as part of an enforcement law. >>> do you remember this? >> i have no recollection of this whatsoever. did i miss the '90 s? >> "boy meets world." there is a "boy meets world" sequel, tweet from ben savage himself. aka corpsi and topanga have signed on to star in "girl meets world" will cain the only person in the world to knows anything about this. >> i would like to say that
of the regulators of electricity in places like california and new york have figured out how to make it attractive to their energy providers to promote more efficiency through the advantage of the consumer by reducing rates. i think there are many things we will be able to agree on that will advance the cause of de- carbgonizaing the economy. >> the diversity of fuel sources and uses as well as efficiency trouble parallel to the interests of good environmental policy. >> in 2007, congress agreed on standards, and the administration has continued to work to move those numbers up even more. there is a classic example where we actually did something that had a real impact. >> i wondered -- the recommendations you are making -- i understand you are trying to bring together these agencies across the executive branch. these legislative branch is very much a partner in this. how do your recommendations during the congressional leadership in and coordinate them as well as with the executive branch leadership? >> we will recommend that this be institutionalized or created also legislatively. but i think co
see the rain making its way from northern california all the way up into the pacific northwest. inland we're looking at mountain snow. these are rainfall amounts. anywhere from 6 to 10 inches of rain over the next 72 hours, just north of san francisco, into coastal oregon, so it is going to be wet. we're probably going to see some flooding before this is all out. that's what's going on around >>> 7:38. good morning to you. we've got quite a bit of low cloud cover but we're looking good right at the immediate surface. you can actually see the roadway over most of the bay area this morning. our temperatures are going to be comfortable today but i really want to spend some time on your seven-day outlook and show you what's to come. this is your last dry day before the heavy rain arrives wednesday into thursday. we're going to get periods of rain. thursday the wind continues, getting pockets of rain in the north bay and the heaviest rain arrives on friday. >> and that's your latest weather. savannah had. >> all right, al. thanks. coming up next, more with legendary investor warren buffett.
the way if is. i yield back. the speaker pro tempore: for what purpose does the gentleman from california seek recognition? >> mr. speaker, i ask unanimous consent to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, the gentleman from california is recognized. >> mr. speaker, as the republican of georgia deals with its first democratic transition of power, i spent the last few days speaking at length with the president and the new prime minister about the necessity to continue the pursuit of the rule of law. mr. dreier: mr. speaker, this is a critical moment for the georgian people that can either put the country on a path of sustainable democracy or turn back the clock on the tremendous gains that have been made since the rose revolution. mr. speaker, the united states must remain engaged with the new government to promote continued democratic reform. a robust democracy demands not only the ability of the majority party to advance the agenda, but also the preservation of the rights of the minority, to raise questions and ho
's a reality. humboldt state university in northern california is holding interdisciplinary studies right now focusing on medical marijuana. it's being run by different professors and lecturers. medical marijuana's a hot topic now as more states allow its use and two states, as you know, they've approved the drug for recreational use. so here's a question -- would you let a first or second grader or any child use medical marijuana? some family members in oregon say yes. 7-year-old any kyla comstock has leukemia. she's a registered medical marijuana patient. her mom gives her the drug every day. not surprisingly, there are some, including her father, who have concerns about this. after all, she's 7 years old. dr. sanjay gupta joins us with more. and we wanted to get your opinion on this. >> well, i mean, the first question a lot of people ask is, is this even safe to do. and this ends up being the crux of questions surrounding marijuana. what is hard from a purely scientific standpoint is that it's an illegal drug in the united states. so it's hard to do studies on a drug that's illegal. you o
, new york state still at 83 weeks. california, 73 weeks. nevada, 73 weeks. you know how the unemployment rate is in nevada. those people are really hurting out there. mark zandi, a lot of people go to him for his thoughts on economy. he believes the unemployment benefits is the most beneficial element to the economy in the short term. do you agree with him? >> no. not to bore our listeners with this keynesian nonsense you print pieces of paper that somehow stimulates the economy. it doesn't. you focus how you enable people to get through a very rough patch that had nothing to do with them. how do you it in a way that doesn't perpetuate unemployment but allows people to get jobs even if it is not what they want at least get back on their feet. in terms of the economy, don't do it in the macro thing to help the economy. no. focus does it enable people to get through a rough patch and get people back on their feet. bill: or do you take the other argument and suggest the more unemployment you receive the less incentive it is for someone to actually find a job? >> well, the b
, california has devoted to halt payments in an effort to try to balance its budget. the city will present the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devastation of super storm sandy and prevent similar damage from future storms. this is according to the state's latest estimates. that total of course could grow. steve liesman has been crunching the newspaperup i numbers and hn the next hour. this is to try to build up some sort of protection, some massive floodwalls. governor cuomo was saying this would be like $9.1 billion to start building. >> questions about the future of the sec following mary shapiro's exit. elyse walter could run the agent until december 2013 when she would have to be renominated and reapproved by the senate. among the issues, and ongoing battle over regulating the $2.5 trillion money market fund industry, some 63 unfinished rule making requirements that are all part of dodd-frank and continuing fears of course about market stability and h
california brother was praying for the day when medicare kicked in. he had no coverage and couldn't afford to buy it. so when you extend the medicare eligibility age, i clearly want to fill that gap with coverage, affordable, accessible health insurance for those who were in their 60s and are going to need that coverage even though medicare isn't officially onboard. >> is that going to cost more money? we all want to make sure that people out of work don't die of heart attacks because they don't have health insurance. we're not talking about expanding programs, we're talking about how we save medicare and medicaid because both of those programs are not only going bankrupt, they're going to bankrupt this country. how do we do that? you're telling us what you want to do to maybe add a new program. what do we do to save the existing programs we have from bankrupting the country? >> one thing is obama care, as much as it's been kicked around during the course of the campaign. the notion that we're going to have everyone in america under the protection of health insurance is a good one. and it
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